All Forum Posts by: Tanner Morrill

Good question. One thing you COULD possibly do is deed the house to an LLC and then rent from the LLC, and run both rentals & expenses through the LLC. I think if you're making a good amount of $ you'd be less likely to be audited. Definitely ask a CPA and/or attorney how legit this is. My CPA told me to rent to myself until my tenant moved in, after I deeded my home to my LLC. Shoot for 24 + days/month rented if you want to make great money. Get good insurance too, either a home share policy or commercial if you move out/deed it over.

Yup, I just sold my South Jordan rambler for less than I thought the market would bear/bare/beer (sp?), and then a similar home (1760279) got listed for way more that was more updated. It's the end of the week. Anyway, I think there's light at the end of the tunnel for buyers. 

Seems like in the USA there's not much prefab going on compared to Europe where it appears it's much more popular. Look into S2 Modular, I think they're in the USA. Someday I want to build low-cost buildings and help people out, but I understand zoning regulations/city code prevents most "modular" construction. Those 1970s modular homes, and maybe the earlier ones from post WWII era, and trailer parks gave modular building a bad connotation. 

Leonidas Loo, everything's negotiable but I make sure tenants are responsible for repairs less than $60, they shovel snow and take care of the grass & yard. Otherwise I the owner take care of everything. My rental is not in an HOA. I suggest you make tenants responsible for replacing light bulbs too and all the small stuff. It's just awkward and tedious for a manager or owner to do bunch of small tasks.

I remember reading the August #s and it was about 99% of list price is what sellers are getting. Some houses do get more than list price which brings up this average. Sold prices don't include concessions though, which can be up to $5,000, and sometimes more. I'm happy to email you some sold data and you can see how the sold price compares to the list price. Under $400,000 is extremely competitive, but it's competitive up to at least $1M. 

Yep, I know a group of investors in Salt Lake City getting into this. Start talking with hotel focused brokers and you might find some deals. 

Thanks. I would expect somewhere between 4.5 and 5% for new construction, but that's just an educated guess. 

Hey Guys, what's a normal cap rate for Brand new class B apartments in Garden city around 43rd street and Chinden? Thanks!

I'm looking to connect with Boise Multifamily developers, brokers, multifamily experts, MF builders, entitlement specialists, etc. 

Thank you all! I'm ordering these suggested books and taking action on property leads. 

I've read these 4 books so far I'm ready for more. Which books or courses about MF, Syndications and MF Development have you found most helpful? Thanks!